The state Bond Commission on Monday voted to approve $131.5 million to construct the first building in UConn’s technology park.
The Innovation Partnership Building, slated for the flagship Storrs campus, will offer specialized equipment and shared laboratory space for UConn researchers, industry scientists and businesses.
The borrowing approved Monday morning brings the total amount of state and federal funding for the tech park to $183.5 million, according to a commission document.
The UConn money was the biggest single item authorized by the commission, which approved nearly $338 million in general obligation bonds.
Other notable borrowings included:
- $36 million to construct a new Sandy Hook Elementary School.
- $16 million for the Capital Region Development Authority to acquire unspecified Hartford properties for development.
- $3.8 million for Manufacturing Assistance Act forgivable loans, including $500,000 for Stafford Springs’ American Woolen Co. to purchase equipment and development training and a new product line. The company has pledged to retain 33 jobs and create eight new ones.
- $7 million for the Connecticut Manufacturing Innovation Fund, which will help the Connecticut Center for Advanced Manufacturing conduct research and development related to machining advanced composite materials.
- $5 million to replenish the Small Business Express Program, which offers loans and grants in exchange for job creation.
- $2.5 million for the Hartford Economic Development Corp. to provide financing options to minority-owned and small businesses in urban areas.
Gov. Dannel P. Malloy said the borrowing authorized Monday bring the state to $1.38 billion in bonding for the year so far.Â
